Commercial Real Estate Investment Articles

Although I have many others to tell about, I’d like to tell you about my favorite success story. I found a property that had a county code enforcement lien on it, which was for initiating demolition proceedings. The lien was for a little over $1,000. I sent a letter to the owner only because I couldn’t find her phone number. She called me, and we met at the property.

I have purchased several “nothing down” seminars and books, including Robert Allen’s, Carleton Sheets’ No Down Payment course, and two courses from Joe Kaiser, including The Mechanic’s Lien System. None of these worked in my county, Marin County, California.

After a three-month mentoring program with an experienced investor and asking many questions, I have gotten enough courage to find the following deal:

Today, I went to the escrow office to pick up the check for my first flip. I got the property under contract for $100,000 and flipped it (double close) to my seller for $123,000. There were a lot moments where I worried a lot about not being able to close the deal.

After posting my first real estate success story: My partner, Rick, had met with the seller of a piece of property about two miles from my home because I was too sick to go. Well after Rick came home he told me she was ready to sign a contract for an all cash closing for $67,500.

Hello, my name is Angel LaBell, and I am a 25-year-old real estate investor in Philadelphia. I love CRE Online, and thank you guys for giving me the information to begin a life offinancial freedom. I went to my first CRE Online Convention in March 2002. I loved it, and learned so much to get started in real estate investing.

Four years ago, I was renting a small, one-bedroom house for $250 per month. The owners informed me that they were seriously thinking about demolishing the houses and building two large rental cottages. I live in a resort area on the North Carolina coast and $250 was dirt cheap for a rental.

In June 2004 finally sick of the working class existence and an extended layoff in the construction industry. I wanted to find a way out of the rat race. After a lot of research, reading all the information from Lonnie Scruggs and Ernest Tew I could get my hands on, and along with hours of pouring over the Mobile Home Discussion Forum, I went for it.

I just completed my first mobile home deal. Here is how it went…

I’d like to thank J.P. and Terry Vaughan for this awesome site, everyone at the CRE Online Convention who was so caring and supportive and everyone else who contributes to this site. It truly is an amazing resource!

It’s time I told my story…To all those who helped me get started back a couple of months ago when I was a newbie: Thank you, thank you, thank you. You know who you are: gals and dudes who were real cool with their time and experience to help me with some questions I had to get me started.

In 1998, I built my own home on ten acres with a mortgage of $84,000 on four of those acres and the home. In 2000, I sold five acres for $13,500, leaving me with a mortgage balance of $70,500.

I am writing this to let Ed Garcia know what a huge, life-changing difference he has made in my real estate investing career and life.

I am a high school English teacher whose wife wants to quit work when we have kids. Being that I have summers off, I decided to look into investing in something. I can’t remember how I heard about it, but after buying and reading Deals on Wheels, I knew that I would be investing in mobile homes.

I’ve been reading and learning all I can on this site. After making the decision six months ago to start investing in real estate, I just closed my first deal that netted $13k. I’m thrilled to say the least! CRE Online has been an excellent source of information and has helped me become more creative in my thinking and putting together deals.

I have been coming to CRE Online for over two years. I have read books, talked to people, partnered with people, and until this past Friday, I have never done a deal. I was the ultimate procrastinator. Well here it is, and if you think you have seen all the reasons a person can be motivated, then read on because I still cannot believe it.

I was a recently laid off tech worker with over 10 years experience in the field. Even when I had a cushy, high-paying job, I never felt I had job security and hated relying on others for a paycheck.

A few visitors of Creative Real Estate Online asked me to share this story with you. They think it should be put on the success stories. Please feel free to do so. I would love to share it with everyone. Thanks for this wonderful site.

Picture this: A new investor with $15K college savings for kids learns about buying a second as the way to get a foreclosed property. He finds a vacant foreclosed property with a second note, takes kids’ college money (First kid going to college within a year. No problem; I’ll be in and out in 3 months), and buys the second.

Just like everyone else it seems, I read Deals on Wheels by Lonnie Scruggs and decided to give it a try. This, of course, was after going back and forth with the idea, going to look at some homes, and thinking, “I just can’t believe how some people can live.”

In June 2001, I had contracted to buy a duplex in a low-income area of town for $100,000 as one of two replacement properties in a 1031 Starker Exchange. After further personal examination of the property’s condition, I consulted with my agent, Jerry, to apprise him of what I’d found. He then “officially” advised me to get out of the deal.

I just wanted to write and thank Lonnie Scruggs and CRE Online for helping me get started. First, I want to say that I’m one of the biggest skeptics you’ll ever meet. But after ordering and going through Lonnie’s material, I did my first deal!

I bought Deals on Wheels back in early part of 2002. I did research by driving the speed bumps in mobile home parks in my area for a couple months. We finally realized we needed to just quit talking and do something.

Just wanted to let everyone know about my day. I just closed on a 4-bedroom, 2-bath single-family house on five acres with five rented mobile homes on the land. Original asking price was close to $100,000. I saw an ad that said, “just reduced.” Their buyer fell through at the bank, and they wanted to sell quick.

I wanted to give my thanks to Creative Real Estate Online for providing a place for everyone to learn how to do whatever they want in real estate investing. I started doing research when I was in high school. Then I moved out to Florida and kept doing research while I worked as a loan processor.